AKITA Drilling Ltd T.AKT.B

Primary Symbol: T.AKT.A Alternate Symbol(s): AKTAF

Energy Oil & Gas Drilling

AKITA Drilling Ltd. provides contract drilling services, primarily to the oil and gas industry, in Canada and the United States. The Company is an oil and gas drilling contractor with a fleet of about 32 drilling rigs. Its United States fleet is supported out of its operations base in Midland, Texas and consists of 13 high specification AC triple rigs, one high specification AC double rig and one DC triple rig, all serving the Permian Basin. With a fleet of 17 rigs, its Canadian division operates in Alberta, British Columbia, Saskatchewan, and as market conditions dictate, the Yukon and the Northwest Territories. The Canadian division operates both wholly owned rigs and rigs. Its Canadian division primarily operates in the oil sands, heavy oil regions and in the Montney deep gas basin. In addition, the Canadian division plays a role in drilling potash and other energy transition targets, including carbon capture wells, hydrogen storage wells and geothermal wells.

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AKITA Drilling Ltd > Income tax assets greater than the value of the SP

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Comment by Possibleidiot01on Mar 01, 2024 4:20pm

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RE:RE:Income tax assets greater than the value of the SP

Your two investments have something in common ; Enterprise's recent secondary offering done to pursue low emission market.

Besides the efficiency of drill pads, the company’s fleet is further equipped to minimize emissions with 25 rigs capable of running on highline electricity. This means they can source power from a utility provider, virtually eliminating drilling emissions compared with diesel generators, and nine rigs capable of running on bi-fuel, a blend of low-carbon natural gas and diesel that minimizes diesel fuel consumption.

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Two micro-cap stocks with strong fundamentals